Investment property

Investment property loans, explained simply

Whether it's your first rental or your fifth, an investment property loan works a little differently to a home loan, and someone can get in touch when you're ready.

Get in touch now Get more information

Quick take

Bigger deposit, usually.

Lenders often want more deposit or equity for a rental, and some may take equity from your own home instead of cash.

Rent helps, partly.

Some lenders may count part of the expected rent.

Structure matters.

How the loans are split and whose name they're in can matter later.

Common ways people buy

Using home equity. A top-up on your home loan becomes the deposit for the rental.
Cash deposit. Savings cover the deposit and the rental has its own loan.
Interest only. Some lenders may offer it for a while. Repayments are lower, but the loan doesn't shrink.

How it works

Home vs rental: the quick comparison

	Home you live in	Investment property
Deposit	Usually lower	Usually higher
Rental income	Not counted	Partly counted by some lenders
Interest only	Less common	Some lenders may offer it
Tax on rent	Not relevant	Rent is taxable, talk to your accountant

What to have handy

Rough deposit or equity you could use
Your income, and any rental income you already earn
Details of your current loans and other debts
The property address or listing, if you have one
Whether you plan to buy in your own name, jointly or another structure

Buying in Tauranga or Hamilton?

See our local pages for the Bay of Plenty and Waikato, including the suburbs we cover.

Get in touch now Get more information

Get more information on investment property loans

About 2 minutes. We gather a few details and arrange for someone to get in touch to discuss your options.

What are you looking at?Properties you own nowRough purchase priceDeposit or equity fromTimeframeMain incomeRegionSuburb or townBest time to callYour namePhoneEmailAnything else you'd like us to pass on? (optional)

I agree to Summit Mortgages passing my details to trusted advisers and lenders so they can get in touch about my loan. I understand this is a referral, not advice. See our Privacy Policy.

If you came from one of our ads, we also note which ad or campaign brought you here so we can measure our advertising, and we don't pass it on to the advisers and lenders we refer you to.

General information only, not advice. We're a referral service and may receive a commission.

Common questions

How much deposit do I need for an investment property in NZ?: Usually more than for a home you live in, and each lender sets its own rules. Someone can get in touch to talk through what might apply.
Can I use equity in my home to buy a rental?: Often, yes. Some lenders may let you borrow against your home to fund the deposit, as long as your income covers the total lending.
Does rental income count?: Some lenders may count part of the expected rent towards your income. The share varies between lenders.
What happens after I leave my details?: We gather a few details and arrange for someone to get in touch at the time you choose to discuss your options. There is no obligation.